Restore Hope Inc

Analysis

Restore Hope Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Restore Hope Inc reported income of $6.7m and spending of $5.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $653k to $6.7m (+932%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restore Hope Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Jewish Community Centre of York Pennsylvania ($6.7m), The Crossroads Campus ($6.7m) and Resource Connections Incorporated ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $2.0m against liabilities of $537k, net assets of $1.5m. It reported 78 employees.